Gavagai Technology Becomes Axonwave Software; Announces New Round of Financing

Jun 20, 2003


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Gavagai Technology, a provider of content intelligence solutions for unstructured information, has announced that it will begin operating under its new name: Axonwave Software Inc. Axonwave's software possesses natural language technology. The Axonwave Content Intelligence System (CIS) returns results that are based on user-defined relationships between concepts, rather than on frequency or statistical relevancy of certain words or phrases in a document. Axonwave CIS is designed to enable users to view the results of concept queries in a variety of views, which helps to determine how the information interrelates, and to perform more sophisticated predictive trend analysis. Axonwave has also announced the completion of a $2.3 million second round of financing. Original investors, GrowthWorks and Pangaea Ventures, led this second round of financing to support additional sales and marketing activities including the renaming of the company.

(http://www.axonwave.com)